Photo: Nyttend · Public domainMeasured against area pay, Washington Township costs less to live in than 66% of U.S. towns
Home prices around Washington Township have risen about 47% over the past 5 years.
Census 2020–24 home values, rents, tax bills and cost burden, measured against the median household income of Preble County, OH ($69K). How TownRatings grades cost of living
The grade compares costs with what households across Preble County earn ($69K, Census 2020–24). The typical home costs 3.4 years of area income, and 4% of renters pay 30% or more of income for housing.
In dollars
- $970a month for a two-bedroom, utilities includedHUD Fair Market Rent, 2026
In paychecks the grade
- 3.4 yrsof area income buys the typical home; the typical U.S. town: 3.3$69K, Preble County income
- 16%of area income goes to the median rent; the typical U.S. town: 18%Census 2020–24
- 19%of owners do; the typical U.S. town: 20%Census 2020–24
What stands out about housing in Washington Township
What’s behind Washington Township’s grade
Measured against what households in the area earn, Washington Township is more affordable than 66% of U.S. towns. Home prices pull the grade down most; the share of households paying 30%+ for housing holds it up.
Home prices up 47% in 5 years
The federal house price index for the ZIP code around Washington Township rose 47% over the past 5 years, slower than across Ohio (53%). Last year prices rose 2%. Carrying the Census median home value forward with that index puts the typical Washington Township home at roughly $267,000 today.
Carrying the Census median forward with the index puts a typical home at about $267K.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Washington Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A year’s rent takes 16% of area income
The calculator starts from the area income the grade uses. Switch to Washington Township’s own median, or type yours.
That’s $0K short of a typical Washington Township home.
A two-bedroom rents for about $970 a month here, $640 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Washington Township’s typical property tax (0.94% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $970
Renters already here pay a median of $905.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Preble County, OH): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Property tax runs below the Ohio norm
The median bill is $2,208 (Ohio: $2,822), 0.94% of a home’s value a year, against 1.31% statewide.
Census American Community Survey 2020–24: the median real-estate tax bill homeowners report, and that bill ÷ the median home value. Bills include town, school and county taxes. The Census reports bills over $10,000 only as “$10,000+”.
Washington Township vs. its neighbors
Zillow publishes no value for Washington Township. Twin Township and Gasper Township and Jackson Township and Monroe Township have no Zillow value, so they are in the table only.
Cost next door · one source per column
| Town | Cost | Typical home Zillow, latest | Median value Census 2020–24 | Tax rate bill ÷ value | 2-bed rent HUD 2026 |
|---|---|---|---|---|---|
| Washington Township | B+ | — | $234K | 0.94% | $970 |
| Gasper Township | B− | — | $215K | 0.98% | $970 |
| Jackson Township | C+ | — | $191K | 1.03% | $970 |
| Twin Township | A− | — | $219K | 0.98% | $1,010 |
| Dixon Township | – | — | $187K | 1.31% | $970 |
| Monroe Township | A+ | — | $150K | 0.91% | $1,140 |
“—” under Zillow: Zillow publishes no value for that town, so it’s left blank rather than mixed with Census figures. “—” under Cost: not graded (too little Census data, or under 1,000 residents).
Questions about the cost of living in Washington Township
Is Washington Township expensive to live in?
Measured against what households in the area earn, Washington Township costs less than 66% of U.S. towns: a B+ for cost of living. The typical home costs 3.4 years of the median household income of Preble County, OH ($69K).
How much is rent in Washington Township?
HUD puts a two-bedroom at about $970 a month with utilities, the going rate for someone moving in. Renters already here pay a median of $905 (Census 2020–24).
What are property taxes in Washington Township?
The median bill is $2,208 a year, 0.94% of the median home value (Ohio: $2,822, 1.31%), from the Census 2020–24.
Neighbors talk housing
What Washington Township buyers, sellers and renters are saying.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. The calculator is an estimate, not a loan offer. Regional price levels: BEA; electricity: EIA. How TownRatings grades cost of living.